(Finance) – Venture capital funds for the ecological and digital transition are underway Startups and small and medium-sized enterprises can present projects concerning the ecological and digital transition, financed with European resources included in the PNRR for an amount of 550 million. The lens lets know the Ministry of Enterprise and Made in Italy in a note – is to stimulate the country’s growth through risk capital investments (direct and indirect venture capital).
Specifically, the resources draw on two funds, “Green Transition Fund” endowed with 250 million euros e “Digital Transition Fund” which was awarded 300 million, managed by CDP Venture Capital SGR on behalf of the Ministry of Enterprise and Made in Italy, included in the ambit of the PNRR interventions “Support for startups and venture capital active in the ecological transition” And “Startup Funding”.
THE green transition projects may include the use of renewable energy, sustainable mobility, energy efficiency, circular economy, while those linked to the digital transition will have to involve areas such as Artificial Intelligence, Industry 4.0, cybersecurity, fintech and blockchain.
The managing body will select the investment proposals in accordance with the provisions of the Funds’ investment policy and in line with market best practices. The 40% of the resources will be reserved for investments (direct and indirect) to be implemented in the southern regions.